SKYTECH-AIC APPOINTED BY RAND MERCHANT BANK TO MANAGE SEVEN ADDITIONAL Q400S

Skytech-AIC are pleased to confirm that they have been appointed by Rand Merchant Bank (RMB) to act as Lease Managers for seven Bombardier Q400 aircraft recently acquired from Flybe by RMB and leased to South African Express Airways (SA Express). Skytech-AIC and RMB have worked together on a number of aviation transactions over some 15 years and Skytech- AIC already manage five RMB-owned Q400s: three on lease to Flybe and two on lease to SA Express.

Skytech-AIC’s Julian Balaam commented: “We have had an important and valuable relationship with RMB for many years and are very pleased that, as they grow their aviation exposure, we will continue to partner with them.”